What are State Revolving Funds?
State Revolving Funds (SRFs) are financial assistance programs established by the U.S. Environmental Protection Agency (EPA) to provide funding for water infrastructure projects. SRFs are designed to help states and territories finance the construction, improvement, or replacement of water and wastewater infrastructure systems.
The two primary types of State Revolving Funds are:
- Drinking Water State Revolving Fund (DWSRF): This fund provides low-interest loans, loan guarantees, and grants to assist states in financing the costs of drinking water infrastructure projects. These projects typically involve the construction or improvement of public water treatment plants, distribution systems, and storage facilities. The DWSRF program focuses on ensuring the safety and quality of drinking water supplies.
- Clean Water State Revolving Fund (CWSRF): The CWSRF offers low-interest loans and other financial assistance to support the construction, upgrade, or repair of wastewater treatment facilities, stormwater management systems, and other water pollution control measures. The primary goal of the CWSRF program is to promote the protection and restoration of water quality in rivers, lakes, and other water bodies.
It’s important to note that the specific guidelines, eligibility criteria, and available funding under State Revolving Funds may vary by state.